Overview
What is Appraisal Institute?
The Appraisal Institute is a renowned nonprofit organization based in Chicago, Illinois. With a membership of nearly 16,000 as of December 31, 2022, the organization includes active designated members, candidates, practicing affiliates, affiliates, and retired or life designated members. Members are required to adhere to the bylaws, regulations, code of professional ethics, and standards of professional appraisal practice. The Appraisal Institute sets the bar high by conferring the MAI, SRA, AI-GRS, and AI-RRS membership designations, which have rigorous requirements. The institute's mission is to empower valuation professionals through community, credentialing, education, a vast body of knowledge, and ethical standards. With a workforce of 105 employees, the Appraisal Institute is committed to fostering and promoting the highest standards of practice through its designation programs, peer review process, education, research, and publishing efforts.
Official website here: www.appraisalinstitute.org
Is Appraisal Institute legitimate?
Appraisal Institute is a legitimate nonprofit organization registered as a 501(c)(6) entity. Appraisal Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,607,507
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,616,287
For more financial information, click here
Official website here: www.appraisalinstitute.org
What is the mission statement of Appraisal Institute?
The Appraisal Institute is dedicated to empowering valuation professionals through various means. Their mission encompasses community building, credentialing, education, and upholding ethical standards. The organization boasts a membership of nearly 16,000, including active members, candidates, practicing affiliates, affiliates, and retired members. The Appraisal Institute grants four prestigious membership designations, MAI, SRA, AI-GRS, and AI-RRS, which require rigorous qualifications. Each member is expected to adhere to the organization's bylaws, regulations, code of professional ethics, and standards of professional appraisal practice. The Appraisal Institute sets the bar high for the appraisal profession through its designation programs, peer review process, education, research, and publishing initiatives.
Official website here: www.appraisalinstitute.org
Who is the CEO of Appraisal Institute?
Cindy Chance Phd is the Director of Appraisal Institute. The CEO's salary of Appraisal Institute is $498,511 and their total compensation is $522,405.
Official website here: www.appraisalinstitute.org
What is the revenue of Appraisal Institute?
Appraisal Institute's revenue in 2022 was $23,134,340.
Official website here: www.appraisalinstitute.org
Who are the executives of Appraisal Institute and what are their salaries?
The average compensation at Appraisal Institute during 2022 was $87,846. There are 105 employees and 240 volunteers at Appraisal Institute.
Here are 33 key members and their salaries (Appraisal Institute's CEO's salary is $498,511 and their total compensation is $522,405):
- Jim Amorin Mai Sra Ai-Grs (Ceo)
- Jeffrey E Liskar Esquire (General Counsel)
- Beata E Swacha Cpa Cae (Cfo)
- William E Garber Jr (Director, Government Relations)
- Evan R Williams Cae Iom (Director, Professional Services & Resources)
- Stephanie Coleman Mai Sra Ai-Grs (Senior Manager, Ethics & Standards)
- Heidi Korthase (Director, Information Technology)
- Christina Mitakis (Associate General Counsel)
- Pledger M Bishop Iii Mai Sra Ai- (President)
- Craig Steinley Mai Sra Ai-Grs Ai- (President Elect)
- Sandra K Adomatis Sra (Vice President)
- Rodman Schley Mai Sra (Immediate Past President)
- Albert W Franke Iii Mai Sra (Director)
- Claire M Aufrance Mai Sra (Director)
- Elaine Liz-Ramirez Mai Ai-Grs (Director)
- Frank R Molinari Sra (Director)
- Heather Placer Mull Mai Sra (Director)
- James T Ferstl Mai (Director)
- Jason L Messner Mai (Director)
- Joshua D Garretson Mai Ai-Grs Ai- (Director)
- Ken E Simpson Mai Sra (Director)
- Linda M Powers Mai (Director)
- Lindel D Schulze Mai Ai-Grs (Director)
- Mark E Verrett Sra (Director)
- Matthew S Myers Mai (Director)
- Michael Hinnant Sra (Director)
- Paula K Konikoff Mai Ai-Grs (Director)
- Peter A Vimini Mai (Director)
- Reginald M Carter Mai Sra (Director)
- Richard F Wolf Mai Sra Ai-Grs (Director)
- Robert R Elliott Jr Mai Sra (Director)
- Smedmore Montgomery Bernard Jr Mai (Director)
- Trevor C Hubbard Mai Sra Ai-Grs (Director)
Official website here: www.appraisalinstitute.org
Where can I find the form 990 for Appraisal Institute?
The Appraisal Institute’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.appraisalinstitute.org
Learn more at the official website: www.appraisalinstitute.org
Mission Statement of Appraisal Institute
The Appraisal Institute is a prominent organization dedicated to empowering valuation professionals through various means, including community, credentialing, education, and ethical standards. With a membership of nearly 16,000, encompassing active designated members, candidates for designation, practicing affiliates, affiliates, retired designated members, and life designated members, the Appraisal Institute sets rigorous requirements for its members, who must adhere to its bylaws, regulations, code of professional ethics, and standards of professional appraisal practice.
The organization is renowned for fostering and promoting the highest standards of practice in the industry. It achieves this through its designation programs, peer review process, education, research, and publishing endeavors. The Appraisal Institute confers the MAI, SRA, AI-GRS, and AI-RRS membership designations, which necessitate stringent requirements for membership. The members of the Appraisal Institute pledge to uphold and conform their actions to these organizational guidelines. As a leader in the profession, the Appraisal Institute consistently advocates for the highest standards of practice within the valuation industry.
Impact
This information is meant to be a general summary of Appraisal Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Appraisal Institute's impact is significant in the field of valuation professionals. With nearly 16,000 members, including active designated members, candidates for designation, and practicing affiliates, the organization plays a crucial role in setting and upholding high standards of practice. Through rigorous designation programs, peer review processes, education, research, and publishing endeavors, the Appraisal Institute leads the profession in promoting excellence and ethical standards. Its mission to empower valuation professionals through community, credentialing, education, body of knowledge, and ethical standards has a tangible impact on the industry, fostering a culture of high-quality appraisal practice.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & FEES
Revenue
$11,136,778
EDUCATION & REGISTRATION FEES
Revenue
$5,606,744
PUBLICATION SALES
Revenue
$966,910
OTHER
Revenue
$825,769
ADMISSION & GRADING FEES
Revenue
$238,725
Organization Details
Founding Year
1991
Phone
(312) 335-4100
Principal Officer
Cindy Chance Phd
Main Address
200 WEST MADISON 2000, CHICAGO, IL, 60606
Website
www.appraisalinstitute.org
NTEE Category
Code: S47 - Community improvement
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